Little to lift the December gloom
- From: Vol 2, Issue 1 (January 2001)
- Category: Performer of the month
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, AWG, Azurix, Cadiz Inc, Dwr Cymru, Enron, Ionics, Kelda, PPL Corp, Severn Trent Water, Tendring Hundred Water, United Utilities, Welsh Water (Dwr Cymru) and Western Power Distribution
UK water shares ended December 2000 lower, underperforming the broader FTSE market index and reflecting investors’ caution.
Hopes had been raised in the final few months of 2000 by the prospect of greater flexibility in tariff adjustments by Ofwat’s new director general and even the possibility of more takeovers such as RWE’s acquisition of Thames Water. However, by year-end there had been no
significant change to pull the industry out of the doldrums, leaving participants ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
